I have begun the purchase of the second week’s installment of NBT, although I have not yet completed the burn from the first week (I required some clarification on some wallet functions, which I have now received) and while I have received a partially signed transaction from the Nu team for return of the second collateral installment, I do not intend to broadcast it until I have competed the first-week burn.

My guess is everyone assumes it is dead, so only a small percentage of NBT owners are paying attention and know about the burn programs. I’m not sure that is a bad thing though, as low prices means more burned coins at less cost to Nu.

Exactly. I’m more interested in maximizing the number of coins burned than short term price increases. The former will be a sustainable fix for the peg and not just a temporary pump. (Or at least the foundation of a sustainable fix, some further changes are needed to prevent the situation from happening again, but at least it moves in the right direction.)

Of course, Bitcoin has outperformed the average while other cryptocurrencies have fallen even more than 27%, on average. This means that because US NuBits have maintained their value in this 2 month period, it is outperforming peers by more than 30% for July and August. If US NuBits continue this pattern of vastly outperforming the sector, we can be confident the peg will return.